Press release
Artificial Intelligence of Things (AIoT) Market to Reach USD 58.4 Billion by 2031, Growing at a CAGR of 24.6% | TMR Analysis
The global Artificial Intelligence of Things (AIoT) Market, encompassing components such as software/platforms and services and serving end-user verticals like BFSI, retail, automotive, healthcare, energy, manufacturing, and others, is projected to witness remarkable growth over the forecast period from 2023 to 2031. Valued at USD 8.4 billion in 2022, the market is estimated to expand at a robust CAGR of 24.6%, reaching USD 58.4 billion by the end of 2031.Market Overview: AIoT, a convergence of artificial intelligence (AI) and the Internet of Things (IoT), is driving a paradigm shift in various industries by enabling smarter, data-driven decision-making and automation. This synergy unlocks transformative capabilities such as predictive maintenance, real-time monitoring, and intelligent asset management, making it a cornerstone for digital transformation in businesses globally.
Discover valuable insights and findings from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81499
Key Drivers of Growth
1. Increasing Demand for Real-time Data Analytics: The need for actionable insights derived from IoT-generated data has pushed organizations to adopt AIoT solutions. Enhanced decision-making, efficiency, and operational excellence are significant benefits driving adoption.
2. Growth of Smart Cities and Industry 4.0: AIoT is pivotal in the development of smart city infrastructure, automating utilities, transportation, and waste management systems. Similarly, Industry 4.0 applications are revolutionizing manufacturing through intelligent production processes.
3. Technological Advancements: Continuous advancements in AI algorithms, IoT sensors, edge computing, and 5G connectivity are improving the reliability and scalability of AIoT deployments.
4. Focus on Sustainability: AIoT-driven solutions for energy management and resource optimization are increasingly being adopted by organizations aiming to meet sustainability goals.
Regional Insights
• North America is anticipated to dominate the global market, driven by technological innovation, strong adoption of AIoT in industries, and the presence of key players.
• Asia Pacific is expected to witness the fastest growth, attributed to increasing investments in smart city projects and industrial automation in countries like China, India, and Japan.
• Europe remains a significant contributor, particularly in manufacturing, automotive, and energy sectors.
Access our report for a deep dive into the critical insights - https://www.transparencymarketresearch.com/artificial-intelligence-of-things-aiot-market.html
Market Segmentation
The AIoT market is segmented into two primary components:
• Software/Platforms: Advanced analytics platforms, AI-based applications, and integrated IoT software.
• Services: Consulting, implementation, and managed services tailored to specific industries.
End-user verticals include BFSI, retail, automotive, healthcare, energy and utilities, manufacturing, transportation and logistics, and others, each leveraging AIoT to optimize operations and enhance customer experiences.
Key Players
Leading companies shaping the AIoT landscape include:
• Amazon Web Services (AWS)
• Google LLC
• IBM Corporation
• Microsoft Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Hitachi, Ltd
• SAP SE
• PTC Inc.
• C3.ai, Inc.
• Autoplant System India Pvt. Ltd
• Softweb Solutions Inc. (An Avnet Company)
• Uptake Technologies Inc.
These organizations are investing heavily in R&D, strategic partnerships, and acquisitions to drive innovation and expand their market share.
Browse More Trending Research Reports:
Software Defined Storage Market: https://www.transparencymarketresearch.com/software-defined-storage-market.html
OTA Transmission Platform Market: https://www.transparencymarketresearch.com/ota-transmission-platform-market.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Artificial Intelligence of Things (AIoT) Market to Reach USD 58.4 Billion by 2031, Growing at a CAGR of 24.6% | TMR Analysis here
News-ID: 3781437 • Views: …
More Releases from Transparency Market Research
Ceramic Sanitary Ware Market to Reach USD 73.7 Bn by 2036 at 6.8% CAGR | Transpa …
The global ceramic sanitary ware market is witnessing robust expansion, supported by rapid urbanization, rising hygiene awareness, and increasing construction activities worldwide. Ceramic sanitary ware refers to bathroom and washroom fixtures manufactured using materials such as vitreous china, porcelain, and stoneware. These products include toilets, wash basins, urinals, bidets, bathtubs, and related accessories used across residential, commercial, and institutional settings.
According to the latest market analysis, the global ceramic sanitary ware…
Healthcare ERP Market to Reach US$ 9.6 Bn by 2031, Driven by Digital Transformat …
The global healthcare ERP market was valued at US$ 4.8 Bn in 2020 and is projected to reach US$ 9.6 Bn by the end of 2031, expanding at a CAGR of 6.5% from 2021 to 2031. The market is experiencing steady growth driven by increasing digital transformation in healthcare systems, rising need for operational efficiency, growing regulatory compliance requirements, and expanding adoption of cloud-based enterprise solutions.
Get Your Sample Report -…
Bearing Market Forecast to Hit USD 288.6 Billion by 2036 Amid Rising EV and Auto …
The global Bearing Market is witnessing steady growth driven by rapid industrialization, expanding automotive production, and increasing demand for high-performance machinery across sectors. Bearings are essential mechanical components that reduce friction between moving parts and ensure smooth rotational or linear movement. They play a critical role in industries such as automotive, aerospace, construction, mining, railways, energy, and manufacturing.
The global Bearing Market was valued at approximately US$ 153.8 billion in 2025…
Fencing Market to Reach US$ 52.3 Billion by 2036, Driven by Rising Security Dema …
The global fencing market was valued at US$ 31.1 Billion in 2025 and is projected to reach US$ 52.3 Billion by 2036, expanding at a compound annual growth rate (CAGR) of 4.8% from 2026 to 2036. Market growth is driven by rising demand for residential and commercial security, expanding construction and infrastructure activities, accelerating urbanization, increasing property boundary requirements, and a growing preference for durable, low-maintenance fencing solutions.
In 2025, the…
More Releases for IoT
2025 IoT Solutions World Congress Highlights IoT Innovations
Barcelona, Spain - The 2025 IoT Solutions World Congress, held May 13-15 in Barcelona, concluded successfully, reinforcing its role as a leading platform for IoT advancements. The event attracted global industry leaders to explore technologies like Industrial router [https://www.waveteliot.com/] switches, industrial cellular routers, and industrial 5G routers.
Image: https://www.abnewswire.com/upload/2025/10/926ea6e064576338c31876d9971814c3.jpg
Event HighlightsIndustry Solutions Awards
The awards honored transformative solutions, spotlighting innovations in industrial 4G/LTE routers and mobile router industrial applications.
STEM Women Congress
A dedicated day…
IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
IoT Insurance Market Size Growth Forecast: What to Expect by 2025?
The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)…
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-…
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview -
The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or…
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled…
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market.
"Blockchain in Internet…
